Global VSaaS market to grow at 28%

Albany, NY (USA)

A new report offered by Researchmoz, predicts that the Video Surveillance as a Service market (VSaaS) will grow at an impressive CAGR of 28.22% between 2016 and 2020. The report offers an in-depth study incorporating thoughtful insights, industry-validated data, and historical information about the market.

The present size of the market and the anticipated growth rate of the market in forthcoming years have also been included in this study. Furthermore, the threats experienced by the prime vendors dominant in the market, in addition to the key factors influencing the development of the market in the Americas, Europe, the Middle East and Africa (EMEA), and APAC, have also been presented.

The first chapter of the report commences by presenting a market overview and provides elaboration upon aspects such as the evolution of VSaaS, its benefits, workflow, and VSaaS process. VSaaS means hosted cloud-based video surveillance and this type of service includes remote viewing, video recording, storage, cyber security, and management alerts. Video management and processing takes place offsite utilising the cloud, although the VSaaS system can also utilise a simple on-site device for communicating with the cloud and cameras.

The business models of VSaaS have also been highlighted in the findings. The study states that VSaaS is being highly demanded by companies, both small-scale as well as large-scale, and also by governments within numerous nations. The key benefits of using VSaaS for companies include low initial investment, per-use payment, instant access, and easy deployment. The various services under VSaaS include cloud-based video content analytics, real-time monitoring via the internet, remote video monitoring, and on and off-site storage.

The researchers segment the market on the basis of end-use application and geography, and top leading countries including Germany, China, and the U.S. have been analysed. Moving further, the prime factor propelling the growth, the key restraints, and the prominent trends in the market for video surveillance as a service have been presented along with their impact analysis. As per the report, the increasing demand for high-resolution imaging is a key factor stimulating the growth of the market. In addition, edge-based video surveillance has emerged as a major trend in the market. On the other hand, the rising concerns about security and privacy are amongst the chief factors that may restrain the growth of the market in forthcoming years.

Finally, the segmentation of the market has been presented In terms of end user; the market is segmented into industrial sector, commercial sector, infrastructure sector, and residential sector. Key vendors found to be prominent in the market are Axis Communications, Cisco, Bosch Security Systems, Honeywell, Hikvision, and Panasonic, Dvtel, Idefigo, Moonblink Communications, and Genetec, among others.